Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) Preferred 596 stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid $1,000,000 300,000 2,000,000 550,000 80,000 50,000 15,000 Based on the data presented, what is the times interest earned ratio? (Round to one decimal point.) 6.5 1.5 6.4 5.5